The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The USD/JPY rallied a bit during the trading session on Friday, especially after the Jerome Powell speech.
The BTC/USD price continued slumping on Monday morning as the recent sell-off continued.
The AUD/USD initially tried to rally during the session on Friday but gave back gains as the market has been turned around.
The EUR/USD price continued its bearish trend after a series of hawkish statements by the European Central Bank (ECB) and Federal Reserve officials.
The S&P 500 has broken heart to the downside during the trading session on Friday as Jerome Powell has finally convinced Wall Street, that he is serious about fighting inflation.
The GBP/USD exchange rate is hovering near its lowest level since March 2020 as the US dollar makes a strong comeback.
The NASDAQ 100 got crushed on Friday as Jerome Powell has finally talked the market into believing the fact that he is trying to fight inflation.
Gold markets got hammered during the trading session on Friday after Jerome Powell gave a very hawkish speech at Jackson Hole.
The Aussie stood out last week as the only major currency which ended the week slightly higher than the strong US Dollar.
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Sign up to get the latest market updates and free signals directly to your inbox.The West Texas Intermediate Crude Oil market has pulled back a bit, losing over 2% during the trading session on Thursday.
The USD/CAD initially fell during the trading session on Thursday but found a little bit of support underneath the show signs of life.
The USD/JPY has pulled back just a bit during the trading session on Thursday as we continue to wait for Jerome Powell to bloviate at Jackson Hole, Wyoming on Friday morning.